Across
- 4. variables plus fixed cost
- 6. long enough to make adjustments
- 7. cost, tax, rent, salaries
- 11. revenue needed to cover total amount of fixed cost
- 13. relationship between input and output
- 15. shows quantities sold at all prices
- 17. relationship between changes in economic variables
- 19. graph showing quantity sold at certain prices
- 20. extra cost after adding one unit of production
Down
- 1. materials used in production
- 2. output increases at a decreasing rate as more input is added
- 3. cost changes when rate of output changes
- 5. things that manipulate price
- 8. electronic business over the internet
- 9. cost of production, does not change
- 10. short production period
- 12. total receipts from a firm from the scale of a given quantity
- 14. amount a firm is offering
- 16. government payment to increace economic activity
- 18. more will be offered at a high price